All property of the bond bank authority is exempt from levy and sale by virtue of an execution and no execution or other judicial process may issue against the property. A judgment against the bond bank authority may not be a charge or lien upon its property; however, nothing in this section applies to or limits the rights of the holder of bonds or notes to pursue a remedy for the enforcement of a pledge or lien given by the bond bank authority on its revenues or other money.
Structure Alaska Statutes
Chapter 85. Alaska Municipal Bond Bank Authority
Sec. 44.85.005. Legislative findings.
Sec. 44.85.010. Legislative policy.
Sec. 44.85.020. Municipal Bond Bank Authority.
Sec. 44.85.030. Membership and vacancies.
Sec. 44.85.040. Officers, quorum, and meetings.
Sec. 44.85.050. Bonding of members.
Sec. 44.85.060. Compensation and expenses.
Sec. 44.85.080. Powers of bond bank authority.
Sec. 44.85.085. Creation of subsidiary corporation.
Sec. 44.85.086. Powers of subsidiary corporation.
Sec. 44.85.100. Annual report and audit.
Sec. 44.85.110. Annual budget.
Sec. 44.85.120. Care and custody of bonds.
Sec. 44.85.130. Effect of obligations.
Sec. 44.85.140. Negotiability of bonds or notes.
Sec. 44.85.150. Bonds or notes as legal investments.
Sec. 44.85.160. Tax exemption.
Sec. 44.85.170. Loans to political subdivisions and joint insurance arrangements.
Sec. 44.85.180. Issuance of bonds and notes.
Sec. 44.85.190. Form of issuance.
Sec. 44.85.210. Payment or refunding of notes.
Sec. 44.85.220. Terms of agreement with the bondholder or noteholder.
Sec. 44.85.230. Purchase and disposition of own obligations.
Sec. 44.85.240. Bond anticipation notes.
Sec. 44.85.250. Documentation.
Sec. 44.85.260. Presumption of validity.
Sec. 44.85.280. Additional funds and accounts.
Sec. 44.85.290. Application of funds.
Sec. 44.85.300. Rights of holders paramount.
Sec. 44.85.310. Default in payment; appointment of trustee.
Sec. 44.85.320. Powers and duties of trustee on default.
Sec. 44.85.330. Personal liability.
Sec. 44.85.340. Exemption from execution and sale.
Sec. 44.85.350. Lien of pledge.
Sec. 44.85.360. Insurance or guaranty.
Sec. 44.85.370. Surety for deposits by bank.
Sec. 44.85.380. Expenses of administration.
Sec. 44.85.390. Cooperation by government agencies.